HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Biggest investor

I as well have been checking periodically about his holdings. I do not have current data but the last check from June 19/08 pegged his holdings at

Nemis, Richard

Latest Filing Date: June 19, 2008

Direct Ownership

Common Shares 1,649,590

Options Common Shares 1,700,000

Assuming he has not sold any with current float that is still around 2% of company. I do not know if he would have added to his position since then. Also

Parisotto, Paul Anthony

Latest Filing Date: December 10, 2008

Direct Ownership

Common Shares 100,000

Options Common Shares 700,000

Hamilton, Joseph Andrew

Latest Filing Date: December 15, 2008

Direct Ownership

Common Shares 62,500

Options Common Shares 600,000

I am sure they would like to make some money soon, it will be interesting to see the insider action once new CEO comes on board. Hoping they keep buying.

Jay

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